Solana (SOL) has recently surged in price, reaching a new all-time high (ATH) and demonstrating increased demand within its ecosystem. This growth is partly attributed to the popularity of the TRUMP token on the Solana blockchain, driving up activity levels.

The rise of Solana as a strong competitor in the market is evident, with active addresses per hour currently surpassing Ethereum by 26 times. This surge underscores Solana's scalability and efficiency, making it a preferred choice for developers and investors.

The introduction of the TRUMP token has further strengthened Solana's ecosystem, showcasing its ability to handle high transaction volumes and enhancing its reputation. This growing popularity bodes well for SOL's price trajectory as the network's utility expands.

Solana's Market Value to Realized Value (MVRV) Ratio is currently at 1.80, a level historically associated with corrections for altcoins. Despite this threshold, SOL has not experienced significant retracements, indicating a stable uptrend.

Looking ahead, Solana aims to overcome the $270 resistance level to target surpassing its previous ATH of $295 and potentially reaching $300. Achieving this goal would require a 17% price increase, supported by the current bullish momentum and network growth.

Failure to breach the $270 resistance may lead to a pullback, with SOL's price potentially dropping to $241 or lower. Sustained buying pressure is crucial to maintain upward momentum in the face of market uncertainties.

Overall, Solana's performance reflects a promising trajectory in the crypto market, propelled by its technological capabilities and growing demand within the ecosystem.